Lionsgold Share Discussion Threads

[1rodson] 17/10/2018 12:13

THE ABOVE WILL PROVE TO BE THE RAMP OF THE YEAR.

IF YOU ARE WISE YOU WILL ALL BE QUEUING IN TO BUY ON RELISTING .........AS PARRY SAYS ITS GONNA BE HUGE

[1rodson] 17/10/2018 11:55

GET READY FoR BLAST OFF.lolololololololo




Lionsgold and TRAC aim to tap into India’s borderline obsession with the yellow metal
Lionsgold Ltd (LON:LION) and its partner Geomysore Services are putting in place the “stepping stones” for a shift in value of the Jonnagiri gold deposit.

That at least is the belief of Cameron Parry, chief executive of the AIM-listed natural resources group, which owns 20.5% of the project located in southern India.

READ: Lionsgold welcomes former Rio Tinto luminary Alan Davies as global strategy consultant
According to Geomysore’s economic feasibility study (EFS), released in August, the project has the potential to be an economically robust mine.

The plan is to build an open pit gold mine on the East Block, producing 495,000 tonnes of gold ore per annum at a rate of 1,500 tonnes per day.

To support this, part of the East Block JORC-compliant mineral resource has been upgraded to a probable reserve of 2.8 mln tonnes containing 151,020 ounces of gold, with an average grade of 1.68 grams per tonne (g/t) at a cut-off grade of 0.6 g/t.

The life of the mineis seven years, based on these reserves and a projected 92.4% recovery rate.

Overall, the net present value rings in at US$25mln, with all-in costs of gold production per ounce likely to run at US$753 per ounce.

The mine will cost US$39mln to put into operation, including a 7.5% contingency cost buffer.

“These are the stepping stones of what can become a fairly dramatic value shift as you go through these various categories with your gold deposit,” Parry said, referring to the shift of resources from the “indicatedR21; category to the “probable̶1;.

The company, formerly Kolar Gold, has another gold asset in Finland and a 50-50 joint venture with TRAC Technology in India. It also owns a 27.3% direct stake in the business.

TRAC has developed a trading platform called The Real Asset Co (www.therealasset.co.uk) that allows investors to acquire and store physical gold and silver rather than buying into exchange traded funds.

Lionsgold and TRAC aim to tap into India’s borderline obsession with the yellow metal with a platform that should be immediately generate value.

In November, the company was granted an electronic money licence by the UK’s Financial Conduct Authority.

READ: Lionsgold subsidiary receives e-money licence
"As announced to the market on 18 October 2017, Lionsgold has been developing TRAC's physical gold account product offering into ‘Goldbloc̵7; - a global digital currency that represents direct ownership of physical gold. This approval is an important step to complete in the lead up to the initial product release," Parry said.

In Finland, Lionsgold has been granted government permission to take a 200 tonne initial test sample at the Kalevala gold deposit.

The test sample will be taken in November.

The idea at Kalevala is to process enough ore to generate just over US$4mln at today’s spot price for the precious metal.

What it then does with the cash is open to discussion between Lionsgold and its partner, Mineral Exploration Network (Finland) Ltd.

“We may decide to drill further high-grade targets and there are two other project areas to the south and we might commit to adding them,” CEO Parry said in an early interview.

Helping Lionsgold size up its options will be former Rio Tinto executive Alan Davies, who was recently appointed as global strategy consultant.

Davies was formerly chief executive of Energy & Minerals at Rio Tinto PLC (LON:RIO).

“Davies is deeply experienced in India, having had executive responsibility for Rio Tinto in India for approximately eight years, and over ten years of direct project responsibility in India,” Lionsgold said.

Davies will work, on average, two days a month under an initial 12-month contract for which he will receive 5mln new Lionsgold shares and warrants to subscribe for a further 5mln, half of which are exercisable at 1.1p each and half at 2.2p.

[1rodson] 16/10/2018 09:22

Lololololololput your money where your mouth is....you can do it through you lawyers but I forgot you don't have any money just a mouth lolololololololololo

[1rodson] 15/10/2018 20:29

WE SHALL SEE WHO THE GULLIBLE MUGS ARE OVER THE NEXT FEW WEEKS LOLOLOLOLOLOLOL

I HAVE MILLIONS AND MILLIONS OF THESE LOLOLOLOLOLOLOLOLOLOL

[thepheasant] 15/10/2018 16:10

Where's Rodson ? AKA Dan Miller or he is busy with his new account now ? That guys a LIAR ! and a day dreamer on here still if you live in a damp ridden council flat you'll need some sort of escape or fantasy .

[thepheasant] 15/10/2018 14:23

What a gullible mug this Rodson aka Miller has turned out to be lol ! You'll be lucky to see 1p if this isn't delisted

[thepheasant] 15/10/2018 14:22

He tucked you up a good one didn't he Rod? I've heard you punt all your benefit on this one and even messaged him crying when this became suspended and asked him if he could wonga you some cash lol ! What a gullible mug !

[1rodson] 14/10/2018 23:56

He is still lurking around UKnighted he moderated a post this afternoon.

What a gutless creep he put all his money into this one and it's all but broken him.

But he will still do well on RELISTING pity he has no balls though to stick to his ramping.

[uknighted] 14/10/2018 20:34

He hasn’t posted on ADVFN as Bshoes since 26/04 so I suspect he has changed his avatar.
He always used to remove his posts each day which I thought was rather ‘strange’;.

[noirua] 14/10/2018 12:43

Southeast Europe - Fintech and Innovations, 2018

[shill10] 13/10/2018 16:47

10p hahahaha - i'll sell you as many as you like at 5p , double your money, right, Millar ?

[adred] 13/10/2018 16:19

Anyone any idea when this will relist? Is there a cut off date?

[cudmore] 13/10/2018 11:12

ALGW......get in before the herd. Multibagger in the making.

[telbap] 13/10/2018 10:49

If they thought there was nothing to lose then they would not have parted with £144k would they?No matter how you dress this up it is a good news, no one would drop £144 pounds let alone £144,000 into a sinking ship.Positive positive positive.

[crapcrap] 12/10/2018 11:49

don't the warrants expire this December?
maybe they did'nt want to loose them?

[1rodson] 10/10/2018 15:04

Of course they have

[telbap] 10/10/2018 13:04

Of course not, can't spin that positive to a negative. I guess you could say they are in for 1.2p way under the market price upon suspension. Someone must be positive to drop 144k into a suspended company...... I think they may well have done their homework, what do you reckon?

[crapcrap] 10/10/2018 09:55

please don't use that word, raft, it brings up images of sinking ships!
i notice also that nearly all the filtered idiots have left.
nothing to say about the warrants?

[1rodson] 09/10/2018 16:39

A great day with lots of positiveness all around. Expect a raft of upbeat RNS's from now on in.

[desflurane] 09/10/2018 15:49

Why was I moderated on your other thread for asking a valid question?